Counterpoint Mutual Funds LLC Acquires New Holdings in ESCO Technologies Inc. $ESE

Key Points

• Counterpoint Mutual Funds LLC acquired a new stake in ESCO Technologies Inc., purchasing 2,130 shares valued at approximately $409,000 in the 2nd quarter.
• ESCO Technologies reported a quarterly earnings miss, with an EPS of $1.60, lower than the consensus estimate of $1.65, while revenue reached $296.34 million.
• The company announced a quarterly dividend of $0.08, to be paid on October 16, representing a 0.1% yield and a dividend payout ratio of 7.21%.

Counterpoint Mutual Funds LLC bought a new stake in ESCO Technologies Inc. (NYSE:ESE - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,130 shares of the scientific and technical instruments company's stock, valued at approximately $409,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of ESCO Technologies by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 2,973,925 shares of the scientific and technical instruments company's stock valued at $473,211,000 after buying an additional 66,392 shares during the period. Nuveen LLC bought a new position in ESCO Technologies during the first quarter worth about $90,067,000. Wellington Management Group LLP grew its stake in ESCO Technologies by 152.6% in the fourth quarter. Wellington Management Group LLP now owns 380,104 shares of the scientific and technical instruments company's stock valued at $50,634,000 after acquiring an additional 229,601 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of ESCO Technologies by 3.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 315,479 shares of the scientific and technical instruments company's stock worth $50,199,000 after acquiring an additional 9,402 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of ESCO Technologies by 1.8% in the first quarter. Royal Bank of Canada now owns 245,228 shares of the scientific and technical instruments company's stock worth $39,020,000 after acquiring an additional 4,276 shares in the last quarter. 95.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut ESCO Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $187.50.

ESCO Technologies Price Performance

ESE stock opened at $215.84 on Wednesday. The stock has a 50-day moving average price of $197.93 and a two-hundred day moving average price of $180.29. ESCO Technologies Inc. has a 1 year low of $119.57 and a 1 year high of $220.32. The stock has a market cap of $5.57 billion, a PE ratio of 48.61 and a beta of 1.25. The company has a current ratio of 1.52, a quick ratio of 1.04 and a debt-to-equity ratio of 0.38.

ESCO Technologies (NYSE:ESE - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The scientific and technical instruments company reported $1.60 EPS for the quarter, missing analysts' consensus estimates of $1.65 by ($0.05). The firm had revenue of $296.34 million during the quarter, compared to the consensus estimate of $320.23 million. ESCO Technologies had a net margin of 10.37% and a return on equity of 11.19%. The business's revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.16 earnings per share. ESCO Technologies has set its FY 2025 guidance at 5.750-5.900 EPS. Q4 2025 guidance at 2.040-2.190 EPS. Equities analysts forecast that ESCO Technologies Inc. will post 5.65 EPS for the current fiscal year.

ESCO Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Thursday, October 2nd will be issued a $0.08 dividend. The ex-dividend date is Thursday, October 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. ESCO Technologies's dividend payout ratio (DPR) is 7.21%.

ESCO Technologies Profile

ESCO Technologies Inc produces and supplies engineered products and systems for industrial and commercial markets worldwide. It operates through three segments: Aerospace & Defense, Utility Solutions Group, and RF Test & Measurement. The Aerospace & Defense segment designs and manufactures filtration products, including hydraulic filter elements and fluid control devices used in commercial aerospace applications; filter mechanisms used in micro-propulsion devices for satellites; and custom designed filters for manned aircraft and submarines.

Want to see what other hedge funds are holding ESE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ESCO Technologies Inc. (NYSE:ESE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.